Earl Childress sells 10,000 shares of Oceaneering International, Inc. (NYSE:OII)

Oceaneering International, Inc. (NYSE:OII – Get Your Free Report ) SVP Earl Childress sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $25.70, for a total transaction of $257,000.00. Following the completion of the transaction, the senior vice president now owns 57,351 shares in the company, valued at approximately $1,473,920.70. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC’s website.

Performance of International Oceaneering Actions

NYSE:OII opened at $26.36 on Friday. Oceaneering International, Inc. has a one year low of $18.67 and a one year high of $30.45. The company’s fifty-day simple moving average is $24.37, and its 200-day simple moving average is $23.13. The company has a current ratio of 1.72, a quick ratio of 1.45, and a debt-to-equity ratio of 0.73. The firm has a market cap of $2.67 billion, a PE ratio of 24.87 and a beta of 2.39.

Oceaneering International (NYSE:OII – Get Free Report ) last posted its earnings results on Wednesday, July 24th. The oil and gas company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). Oceaneering International had a net margin of 4.87% and a return on equity of 15.78%. The firm had revenue of $668.81 million during the quarter, compared to analyst estimates of $656.87 million. In the same quarter last year, the business posted earnings of $0.18 per share. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Oceaneering International, Inc. will post 1.4 EPS for the current year.

Institutional Trading of Oceaneering International

A number of hedge funds have recently bought and sold shares of the stock. Edgestream Partners LP bought a new stake in Oceaneering International in the second quarter valued at $317,000. Pekin Hardy Strauss Inc. bought a new stake in Oceaneering International in the second quarter valued at $213,000. Dimensional Fund Advisors LP boosted its holdings in Oceaneering International by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,705,341 shares of the oil and gas company’s stock valued at $64,003,000 after buying an additional 43,941 shares during the period. WINTON GROUP Ltd boosted its holdings in Oceaneering International by 12.6% in the second quarter. WINTON GROUP Ltd now owns 41,760 shares of the oil and gas company’s stock valued at $988,000 after buying an additional 4,681 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in Oceaneering International by 10.0% in the second quarter. Envestnet Asset Management Inc. now owns 266,885 shares of the oil and gas company’s stock valued at $6,314,000 after buying an additional 24,283 shares during the period. 93.93% of shares are held by institutional investors.

Analyst upgrades and downgrades

OII has been the subject of several research reports. Barclays boosted their price objective on shares of Oceaneering International from $21.00 to $24.00 and gave the company an “underweight” rating in a research note on Wednesday, July 31st. Benchmark restated a “buy” rating and set a $34.00 target price on shares of Oceaneering International in a research note on Thursday, July 25th. Citigroup upped their target price on shares of Oceaneering International from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. Finally, StockNews.com cut shares of Oceaneering International from a “buy” rating to a “hold” rating in a research note on Friday, April 26th.

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About Oceaneering International

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Oceaneering International, Inc provides engineering services and products and robotics solutions to the offshore energy, defense, aerospace, manufacturing and entertainment industries worldwide. It operates through the Subsea Robotics, Manufactured Products, Offshore Projects Group, Integrity Management & Digital Solutions and Aerospace and Defense Technologies segments.

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